Trinity Broadcasting of Texas Inc

Analysis

Trinity Broadcasting of Texas Inc is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in June 1987, 39 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Trinity Broadcasting of Texas Inc reported income of $105.3m and spending of $168.9m, spending 160% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $933.3m to $105.3m (-89%), an average of -42% a year. The sharpest change came in the year to December 2023, when income rose by 400%. Over the whole period it spent 52% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Trinity Broadcasting of Texas Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 100th percentile within TX. Charities of a similar size with the same main cause include Intervarsity Christian Fellowship- USA ($104.4m), American Bible Society ($108.9m) and Independent Living for Seniors Inc ($99.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $1.0m (0.6% of expenses). Other salaries and wages came to $27.9m. At year end it held assets of $736.9m against liabilities of $61.2m, net assets of $675.7m. It reported 433 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.